Commodities

Crude oil prices rose Friday, extending gains from the previous session on hopes that OPEC's recent deal with Russia will end a global supply glut.
Reports say Saudi Arabia is cutting some oil deliveries to the U.S. and Europe starting next month, as OPEC's planned quotas kick in.
OPEC is trying...

Gold futures were lower Friday morning, hitting new 9-month lows as the rally in U.S. stocks continued.
The Federal Reserve is all but certain to raise interest rates next weeks, boosting the dollar and weighing on gold.
Gold's safe haven appeal has also diminished as U.S. stocks zoomed to new...

Crude oil futures rebounded Thursday amid reports that Russia will meet with other oil producers this weekend to finalize a deal to cut supplies.
The Russian energy ministry confirmed the meeting of non-OPEC countries on Dec. 10 in Vienna, according to TASS News.
Yesterday, the Energy Information...

Gold futures fell Thursday after the European Central Bank said it would taper its quantitative easing program next year.
The ECB retained its asset purchases of EUR 80 billion a month until March next year, but decided to reduce the size beyond that point to EUR 60 billion a month till December 2017.
Meanwhile,...

Gold futures were flat Thursday morning as the European Central Bank said it will extend QE but taper asset purchases.
ECB bond buying will drop to €60 billion a month from April 2017.
The ECB held interest rates steady, as expected.
Gold for January was down 3 dollars at $1176 an ounce.
Traders...

Crude oil futures were higher Thursday morning, bouncing back above $50 after a surprising draw down in U.S. oil inventories.
The EIA reported a 2.4-million-barrel fall in commercial inventories for the week to December 2.
WTI light sweet crude oil was up 30 cents at $50.07 a barrel.
The European...

Crude oil futures turned sharply lower Tuesday, as traders bet the recent rally was overdone.
Doubt remain about whether OPEC's deal with Russia to curb supplies will prevent a global supply glut in 2017.
Saudi Arabia's state oil company slashed its prices for Asian customers to the lowest in four...

Gold prices remained depressed Tuesday, as traders moved to the sidelines ahead of next week's Federal Reserve decision.
The Fed is expected to raise interest rates next Wednesday, but markets will also be looking for clues that further tightening is imminent.
Fed speakers will be mum until the...

The rally in crude oil prices sputtered Tuesday morning amid lingering doubts about the impact of OPEC's plan to curb supplies.
Analysts say non-OPEC producers like the US and Canada may pick up the slack if Saudi Arabia and Russia cut output.
In fact, Russia and Saudi Arabia may flood the markets...

Crude oil futures were slightly higher Monday, holding strong recent gains amid hopes the global supply glut will soon dwindle.
OPEC members along with Russia said they would cut production next year in hopes of stabilizing oil prices.
Meanwhile, the controversial Dakota Pipeline project was denied...

Gold futures fell slightly Monday amid continued expectations the Federal Reserve will raise interest rates next week.
Markets took political upheaval in Italy in stride today, leaving Fed officials with few reasons to delay tightening.
Chicago Fed President told reporters today that the US is...

Gold futures fell Monday morning, as U.S. stocks were poised to withstand a significant political shakeup in Europe.
In a move that threatens the euro, Italian voters rejected constitutional changes backed by their government.
Still, the Dow was set to open near record highs, limiting gold's safe...

Crude oil futures edged above $52 a barrel Monday morning, fueled by OPEC's deal with Russia to cut supplies.
Analysts say the move could end the global supply glut that has kept oil prices below $50 much of the past two years.
Meanwhile, the controversial Dakota Pipeline project was denied federal...